Texas Broker Sentenced To 15 Years In Prison

Law360, New York (October 1, 2010, 1:18 PM EDT) -- A former broker has been sentenced to 15 years in prison for running a $6 million investment scheme that involved convincing investors to put their money in short-term loan participation programs that did not exist.

Judge Reed O'Connor also ordered Brion Randall of Plano, Texas, to pay $5.5 million in restitution during the sentencing Thursday in the U.S. District Court for the Northern District of Texas.

Randall, a former broker at Merrill Lynch & Co., pled guilty in May to bank and mail fraud and had...
To view the full article, register now.